Thirteen years ago, the tech bubble burst in notorious fashion. But a lot has happened since then. So is now the time to get back into the sector?
The dotcom bubble burst on Friday 10 March 2000, when the tech-heavy NASDAQ Composite index peaked at 5,048.62, more than double its value a year before. By mid-2002 the index had plummeted to 1,114.11. It has been a rocky road for the index since then, but it is now trading at around the 3,400 mark and is up 13.27% on the year to date. So is this indicative of an uptick for the tech sector and, if so, is now the time to revisit tech funds? Some multi-managers – like Architas’ Caspar Rock, and Cazenove – are not particularly interested in the at the moment. Others, like Aberdeen As...
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